March corn +2.75
Dec corn +10.50
March wht +13.50
March bns +13.50
Nov bns +15
Lower South Amercican crops of corn and beans, plus weather in
Europe and the 65 year cold temps recorded in Russia and Ukraine
have put some good support under the grain markets on breaks.
Also this month on the 15th the China soybean delegation will be in
Des Moines, Iowa to sign a soybean deal. Wont be as large as last year
but still the same the trade knows this day is coming.
Have you ever heard of 123 bottoms on charts? Corn is what we are focusing
on this first quarter. Please look at a March corn chart. In dec. we had an 18 month
low due and we bottom at 576.50. Next we had the USDA Report wheather true or
false, we put in a low in Jan at 592.50 . Now we look this month for the Feb lows
which could come in around the 627-622 area. Thus we would have our 123 bottom
action.
What does it all mean?
We have a Presidential Election Yr. upon us--Do you know what corn has done in
those yrs. 1996, 2000, 2004, 2008 ??
Corn- "A Tale of Two Cities".......Explore with us how to take advange of the near
term tightness, while still protecting against imposing huge projected spring acres.
If this is of interest to you please contact us for more information
Good Luck and Good Trades
Please call anytime and
we will discuss our views more thoroughly, 800-942-1513.
FUTURES AND COMMODITIES TRADING CAN INVOLVES SIGNIFICANT
RISK AND IS NOT SUITABLE FOR EVERY INVESTOR. INFORMATION
CONTAINED HEREIN IS STRICTLY THE OPINION OF ITS AUTHOR AND IS
INTENDED FOR INFORMATIONAL PURPOSES. INFORMATION IS OBTAINED
FROM SOURCES BELIEVED TO BE RELIABLE, BUT IS IN NO WAY
GUARANTEED OPINIONS. MARKET DATA AND RECOMMENDATIONS ARE
SUBJECT TO CHANGE AT ANYTIME. PAST RESULTS ARE NOT INDICATIVE
OF FUTURE RESULTS.
